News & Events zu Eastern International Ltd (ELOG)ELOGEastern International Ltd

Eastern International Subsidiary Wins Wind Farm Project Bids Totaling RMB 91.52M

Eastern International's wholly-owned subsidiary, Guizhou Tianrun, has successfully won the bids for two key construction packages for the Hongze 62.5 MW Wind Farm Project, with the total awarded price of RMB91.52M, or approximately $13.02M. The successful bids for these projects mark the company's official entry into wind power construction sector. The two awarded projects are as follows: Roadworks, lifting platform construction, and land reclamation for the 62.5 MW Wind Farm Project with an award price of RMB79.52M - approximately $11.31M- and Substation Civil Construction Works for the EPC Turnkey Project for the 62.5 MW Wind Farm Project with an award price of RMB12M - approximately $1.71M -. The total award price of the two bid awards is RMB91.52M - approximately $13.02M -.

Eastern International Subsidiary Signs $6.04M Solar Project Contract

Eastern International announced that its wholly-owned subsidiary, Guizhou Tianrun Zhicheng Construction Engineering Co., has entered into a construction contract with Weifang Branch of CSCEC Southwest Architecture & Design Institute Design Consulting Co., Ltd. for its Hebei Laiyuan 300 MW Centralized Photovoltaic Power Generation Project. Pursuant to the contract, Guizhou Tianrun will act as a subcontractor and be responsible for the construction of Phase I - 50 MW of the Centralized Photovoltaic Power Generation Project, with a total contract price of $6.04M. Guizhou Tianrun will be responsible for the foundation works, photovoltaic mounting structure installation, photovoltaic module installation, module string wiring, installation and wiring of photovoltaic combiner boxes and supply of certain auxiliary materials. The Project is scheduled to commence for construction before December 31, 2025.

Eastern International purchases Guizhou Minji to enhance its presence in power engineering.

Eastern International's wholly owned subsidiary Hangzhou TC-Link has acquired Guizhou Minji Construction and Guizhou Minji has become an indirectly wholly-owned subsidiary of the company. Guizhou Minji holds key industry permits/qualifications for power engineering projects--China's "Grade II Power Engineering Construction General Contracting Qualification," "Grade II Steel Structure Engineering Contracting Qualification," and "Grade II Power Transmission and Transformation Engineering Professional Contracting Qualification." Through this acquisition, Eastern International now possesses the statutory qualifications to independently undertake "power generation projects with individual unit capacity less than or equal to 200 MW", "power transmission and transformation projects up to 220 KV", "10 KV power distribution network projects," as well as same voltage-level new energy, energy storage, and smart grid projects. Additionally, the company can now undertake over 90% of steel structure projects in conventional municipal, industrial, and civil fields.